Financial Times: “Roughly 47 per cent of the members of the American Chamber of Commerce in China and a similar group based in Shanghai said that on top of recently imposed tariffs, they faced retaliation such as slower customs clearance, more inspections and delayed approvals for licences, according to a survey released on Wednesday.”
“About a third of the 239 American companies surveyed said they were cancelling or delaying investments in China while about 40 per cent said they were considering relocating manufacturing facilities outside of China, with south-east Asia and Mexico among the favoured destinations.”
